ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an increase in the number and type of economic opportunities
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a shift form a quaternary to primary sector economy
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an increase in unemployment benefits being received
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a shift from a tertiary to secondary economy
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Detailed explanation-1: -A healthy individual contributes to the maximum of overall development and growth of a country. A developed health infrastructure also guarantees a country of strong and healthy manpower for the production of goods and services.
Detailed explanation-2: -The availability of quality infrastructure guarantees increase in production and productivity. Infrastructure ensures easy movement of goods and raw materials, thereby, reducing inefficiencies and lead to efficient utilisation of scarce resources and eliminate wastages.
Detailed explanation-3: -The quantity of educated workers boosts the economy’s production because competent people can execute activities more effectively. Equal education and employment opportunities for people of all genders, races, ages, and ethnicities increase the value of an economy.
Detailed explanation-4: -The infrastructure of a country has a direct impact on its economic and social growth. Because of the massive expansion of economic and social infrastructures, many developed countries have made significant developments. A good infrastructure facilitates the work process, resulting in increased productivity.